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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil recoveries through the application of water flood technology. The key properties in the Central Alberta Light asset include Wilson Creek, Ferrier, Killam, Drayton Valley, and Chigwell.


TSX:GXE - Post by User

Comment by Gringottson Jul 22, 2022 10:56am
186 Views
Post# 34843056

RE:Record 2 nd quarter coming without any doubt.

RE:Record 2 nd quarter coming without any doubt.I like your numbers.

Very few OG companies are in the same desirble place that GXE finds itself.

Although I own BTE (and I like the company), it is still almost a year away from paying off its debt - That's right ONE year! 

Where is GXE's debt? - that's right - POOF - gone!

GXE can continue with its plans even if oil drops an additional $20 without barely batting a lash (a little hyberbole, of course). The others that are carryng $100's of millions in debt (in some cases close to or above a billion dollars in debt) will have to take a close look at their books and make adjustments. 

Although GXE is a small comapny, it is very healthy, and, for what its worth, a little more than a tad undervalued!

glta  
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